The EB-5 Investor Visa Program: Job Creation Requirements
At American Life, Incorporated, our EB-5 visa program investors enjoy a host of benefits from the program, including US residency. One of the most important aspects of the program is its job requirements. That’s because the program is designed to bolster the US economy through foreign investment through job creation, especially in areas in the US with higher than average employment. Today, we’ll clarify some of the confusion we’ve heard when our potential investors ask about the program.
The job requirement varies somewhat if you’re working with an approved Regional Center, like American Life, Incorporated, in the EB-5 program. Before talking about these variations, we’ll explain a few terms:
- Direct jobs. These are jobs created directly in the enterprise invested in, so people who will be employed by the company. The jobs need to be permanent in most cases.
- Indirect jobs. These are jobs for suppliers and servicers who will work with the new enterprise, such as outsourced security staff, local manufacturers supplying goods to the business, or businesses providing services to the enterprise like attorneys.
- Induced jobs. This last category means jobs produced in the surrounding community attributable to the new enterprise, such as employees in restaurants and stores that service the enterprise’s employees.
When working independently through the EB-5 investor visa program, you’ll need to create direct jobs in the enterprise. This usually means that the investor will need to have an active role in the day-to-day operations of the enterprise and usually live nearby.
When using an approved Regional Center like American Life, Incorporated, to navigate through the EB-5 program, investors can also count indirect or induced jobs as part of the ten new jobs created to comply with the program’s requirements.
That means that the Regional Center can act as the general partner and handle day-to-day operations, while investors can act as limited partnerships, providing capital but not running the business personally. This way, they can live anywhere within the US, not necessarily in the vicinity of the new enterprise’s location.
If you’d like to participate in the EB-5 visa investor program, now is a good time. On November 21, 2019, some of the program’s regulations will change, including the minimum investment amounts for the program.
To get started in the program through an approved Regional Center, you can contact us at American Life, Incorporated today. Our investment professionals will answer any questions you have about the program and help you choose the best investment opportunity for your portfolio. Contact us online, call us at 206-381-1690, or visit US office at 2710 S. Hanford Street, Suite 100, in Seattle, Washington or any of our international offices in Shanghai, Tokyo, or London.